VB004 Economic Style of Thinking II

Faculty of Informatics
Spring 2021
Extent and Intensity
2/0/0. 2 credit(s) (plus extra credits for completion). Recommended Type of Completion: k (colloquium). Other types of completion: z (credit).
Taught online.
Ing. Jitka Dušková, Ph.D. (lecturer)
Guaranteed by
Ing. Leonard Walletzký, Ph.D.
Department of Machine Learning and Data Processing - Faculty of Informatics
Contact Person: prof. PhDr. Kamil Fuchs, CSc.
Supplier department: Department of Machine Learning and Data Processing - Faculty of Informatics
Mon 18:00–19:50 Virtuální místnost
Prerequisites (in Czech)
VB003 Economic Thinking I
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
fields of study / plans the course is directly associated with
there are 62 fields of study the course is directly associated with, display
Course objectives
The introductory part deals with measuring national economy performance, problems connected with economic equilibrium, and causes and manifestations of cyclical oscillations. The following part of the course explains the nature of money, structure of the banking system and basic conditions of inflation. It explains the economic function of the state, targets and instruments of economic policy, basic context of monetary policy, fiscal policy, external business and incomes policy.
Learning outcomes
Students undesrtand basic macro-economic terms and relations.
  • Measuring macroeconomics activity.
  • Explaining business cycles and growth.
  • Aggregate demand - aggregate supply model.
  • A simple model of the macroeconomy: the multiplier model.
  • Money and the financial system.
  • Determination of the interest rate.
  • Unemployment and inflation.
  • Monetary and fiscal policy.
  • International trade and the theory of comparative advantage.
  • Open economy macroeconomics: exchange rates, the balance of payments.
  • Sylaby přednášek, odborné články. / Lecture slides, expert articals
  • FUCHS, Kamil and Pavel TULEJA. Základy ekonomie (The Basic of Economics). 1st ed. Praha: Ekopress, odborné nakladatelství, 2003. 348 pp. ISBN 80-86119-74-2. info
Teaching methods
Lectures are based on case studies which extend the theoretical backgrounds.
Assessment methods
The course has a form of a lecture. Credit requirements: credit written test.
Language of instruction
Further comments (probably available only in Czech)
Study Materials
The course is taught annually.
The course is also listed under the following terms Spring 2003, Spring 2004, Spring 2005, Spring 2006, Spring 2007, Spring 2008, Spring 2009, Spring 2010, Spring 2011, Spring 2012, Spring 2013, Spring 2014, Spring 2015, Spring 2016, Spring 2017, Spring 2018, Spring 2019, Spring 2020, Spring 2022.
  • Enrolment Statistics (recent)
  • Permalink: https://is.muni.cz/course/fi/spring2021/VB004